It's official. Where innovation is concerned, New Zealand has been asleep at the wheel since 2000.
The rate of innovation in New Zealand not only flatlined for the first seven years of the 21st century but dipped sharply in 2008, according to the Innovation Index of New Zealand, launched by IBM and the University of Auckland.
The index looks at innovation across the New Zealand economy from 1998, focusing on 16 industry sectors including commercial and non-commercial organisations.
The methodology measured seven components of innovation - patents, R&D, trademarks, design, plant variety rights, productivity and organizational and managerial innovation.
The only sector to show strong growth was the agriculture, forestry and fishing sector where innovation activity more than doubled between 1998 and 2008.
To read the full, original article click on this link: NZ innovators 'asleep at the wheel' | Stuff.co.nz
Author: MARK REVINGTON
